As can be seen on the chart with the pink/purple lines, quite significant bullish divergence would suggest a new UP TREND soon. The massive wick down we just had shows there is still a lot of buying pressure once price dipped below 0.50. I have indicated strong support zone, also the descending trend zone in blue. I believe we will break out of this triangle soon!
Bullish Divergence
- Price showing lower lows
- RSI showing higher lows
Best of luck, always use a stop-loss! :)
Bullish Divergence
- Price showing lower lows
- RSI showing higher lows
Best of luck, always use a stop-loss! :)